Singapore Real Estate / Built Environment
Construction begins on 6 Cross Island Line Phase 2 stations; targeted for 2032 completion
Construction work for the six stations of Phase 2 of the Cross Island Line (CRL) has started and is targeted for completion by 2032, the Land Transport Authority (LTA) said on Monday (Jul 7). Of the six underground stations, two will be interchange stations – Clementi and King Albert Park – they will connect commuters to the East-West Line and Downtown Line (DTL) respectively.
第九区新豪宅罗奥湾开放预览 首周末吸引逾3000人参观
The first weekend of the preview of the new luxury home in the 9th district, The Robertson Opus, attracted more than 3,000 visitors
The Robertson Opus, a new 999-year leasehold private residential project in Singapore’s prime District 9, officially opened for preview this weekend. As of 5pm on Sunday (July 6), the first weekend of the preview had attracted more than 3,000 visitors.
https://www.zaobao.com.sg/realtime/singapore/story20250706-7085603
受保留店屋酒店Weave Suites出售 要价1.05亿元
Weave Suites, a conserved shophouse hotel, for sale for $105 million
Weave Suites – Midtown, a conservation shophouse hotel located on Jalan Sultan, has been put on the market for sale with an indicative price of $105 million. CBRE and Savills Singapore are jointly marketing the project.
https://www.zaobao.com.sg/realtime/singapore/story20250704-7073076
Reit-owned malls more likely to forgo higher rents for right tenant mix
For Singapore-listed real estate investment trusts (S-Reits), rent increases are tempered by longer lease terms, a need to curate tenant mixes to drive foot traffic, and a focus on keeping their tenants’ businesses viable. These considerations set them apart from private commercial landlords, who may act more freely in setting rents, said analysts.
First Sembawang North BTO flats to be launched in July
The first batch of Housing & Development Board (HDB) Build-To-Order (BTO) flats in the new Sembawang North neighbourhood will be launched in July this year. The development, Sembawang Beacon, will comprise 775 flats ranging from two-room flexi to five-room as well as 3Gen flats. The project will have a waiting time of about three years, said HDB in a statement on Sunday (Jul 6).
https://www.businesstimes.com.sg/property/first-sembawang-north-bto-flats-be-launched-july
https://www.zaobao.com.sg/news/singapore/story20250706-7079336
Singapore News
Asean needs ‘bolder reforms’ to attract investments in more fragmented global economy: PM Wong
Asean must become a more seamless and competitive single market, one that attracts businesses and investments looking for alternatives in a more fragmented global economy. To get there, bolder reforms are needed, said Prime Minister Lawrence Wong in a video message posted on YouTube on July 5, adding that the association’s 10 nations may be limited in scale individually but together have considerable weight.
https://www.zaobao.com.sg/realtime/singapore/story20250705-7081746
Tan Cheng Bock, Hazel Poa step down from PSP leadership; party launches ‘renewal plan’
Progress Singapore Party (PSP) founder and chairman Tan Cheng Bock and one of its former Non-Constituency MPs (NCMP), vice-chair Hazel Poa, have stepped down from the party’s leadership body. Party treasurer S. Nallakaruppan has also stepped down from the central executive committee (CEC), the party announced in a press release on July 5.
https://www.channelnewsasia.com/singapore/tan-cheng-bock-psp-hazel-poa-step-down-5221236
https://www.zaobao.com.sg/realtime/singapore/story20250705-7080545
Business News
Cathay Cineplexes operator mm2 Asia to raise funds for debt repayment via proposed share placement
Media company mm2 Asia, which operates the Cathay Cineplexes cinema chain, has proposed the placement of 1,875 million shares at a minimum of S$0.008 per share, to raise funds for debt repayment and working capital.
https://www.zaobao.com.sg/realtime/singapore/story20250704-7079472
Great Eastern says Takeover Code not breached when it shared IFA valuation with OCBC
Great Eastern Holdings (GEH) said that sharing with OCBC the indicative range of share values determined by its independent financial adviser (IFA) did not breach The Singapore Code on Take-overs and Mergers, or the Takeover Code.
LHN proposes delisting from Hong Kong due to low trading volume, costs
Real estate player LHN has proposed a voluntary delisting from the mainboard of the Stock Exchange of Hong Kong (HKEX) due to concerns over trading volume and costs.
Hong Kong’s Link Asset Management cuts jobs amid retail headwinds
Hong Kong-based Link Asset Management has said it is “streamlining a small number of roles and positions” as part of an efficiency drive in response to a “challenging operating environment” amid reports that the firm has been conducting lay-offs.
Global Economy / Real Estate News
Trump’s tariff date arrives after a 90-day rollercoaster
US tariffs to kick in Aug 1, barring trade deals: Bessent
https://www.businesstimes.com.sg/international/us-tariffs-kick-aug-1-barring-trade-deals-bessent
https://www.channelnewsasia.com/world/us-tariffs-kick-aug-1-barring-trade-deals-5223206
Trump wins broad economic policy shift as House passes tax Bill
US ambassador says ‘win-win’ trade deal with Canada is within reach
Gold prices drop as Trump signals trade deals, extends tariff reprieve
Reserve Bank of Australia poised for back-to-back rate cuts as tariffs darken outlook
China’s abandoned buildings draw urban explorers despite risks
EU-US trade talks focus on tariff offset for automakers
https://www.businesstimes.com.sg/international/eu-us-trade-talks-focus-tariff-offset-automakers
French companies seek to invest RM4 billion in Malaysia
German factory orders slump as US trade talks enter home stretch
Hong Kong manufacturers brace for higher costs as end of trade truce looms
‘Sheer delusion’ for Hong Kong landlords to refuse to cut rents: CY Leung
SHKP Tuen Mun project sells out, signalling rebound in Hong Kong’s property market
Hong Kong and Singapore: rivals and partners learning from each other
Japan’s May real wages fall the most in nearly two years
https://www.channelnewsasia.com/business/japans-may-real-wages-fall-most-nearly-two-years-5223676
https://www.businesstimes.com.sg/international/japans-may-real-wages-fall-most-nearly-two-years
Philippines’ inflation at 1.4% in June
https://www.businesstimes.com.sg/international/asean/philippines-inflation-1-4-june
South Korea passes expanded extra budget before tariff deadline
South Korea seeks US trade deadline extension as tariffs loom
Thailand to offer US more trade concessions to avert 36% tariff
Citigroup’s rich clients divert from US to UK despite higher taxes
Bank of England’s policymaker warns neutral rate question can’t be avoided
Vietnam Q2 GDP growth quickens on strong exports, US trade deal brightens outlook
Vietnam’s laid-off communist officials face uncertain future
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